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Us 12, Washington 5, Rollins 3, Michigan 3, Syria 3, Egypt 3, Mohammed Morsi 2, Alan Wilson 2, Boehner 2, S&p 2, United States 2, Ryan Lanza 2, Washington Dc 2, Jerry Nadler 1, Bobby 1, Brian Williams 1, Susan Rice 1, Reagan 1, Paul Ryan Paul Ryan 1, Ronald Reagan 1,
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  FOX Business    Forbes on FOX    News/Business. Financial analysts  
   offer advice on the markets. (CC)  

    December 16, 2012
    2:00 - 2:30am EST  

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santa brings a rise in stocks. something you own. >> first eagle global. it protected before the 2008 collapse. 9% return. >> its solid pick but not exciting one. i don't think you will see. >> what is jiv? >> here is where you will see a pop. they make software like facebook for businesses. >> you like jive. >> it's posting at uphill low. >> thank you so much for watching.
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one this 20-year-old woke up this morning, stole his mother's car,nd drove to the elementary school where she worked as a can earn teacher. ryan lanza then opened fire at inside this kindergarten classroom, killing 26 people.
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schools principal among the victims as well. then ryan lanza turned the gun on himself. today, the loss of innocent young lives will overshadow our lives for days. our hearts and prayers go ou to the victims, to their families, and to their friends and the community of newtown, connecticut. nearly all of the senators and congress have left washington dc. from all over the country, there were outpouring of condolences and sympathy and there were senators and congressmen who sent out statements calling for gun control. in some cases with o political decisions by many to politicize the tragedy. here are somef their names and what they said. congressman bobby rush said lawmakers can no longer be held hostage by those who are opposed to reasonable gun control laws.
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congressman eliot engel of new york, the fact that we cannot pass sensible gun control in this congress is a blot on her reputation. and congressmen jerry nadler saying that now is not the time to have a serious discussion about and control, if not now, when would it be? at least 20 members of congress reacting with calls to restrict constitutional rights to bear arms. all over those calls coming from members of the democratic party. here is the number who chose to talk about mental illness. the disaffection of the mentally disturbed and ill. the importance of a strong family and how better to protect our schools, the burnable and helpless children with in those classrooms. those who threaten the safety of her children while at school.
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we begin with a september 11, murder of four americans in benghazi. susan rice yesterday withdrew her name from consideration to be secretary of state. the move comes after weeks of criticism over comments that she made regarding the attack in benghazi, and an interview with brian williams, ambassador rice was asked if she was blameless for the controversy. >> i don't think that anybody is ever wholly blameless. but i didn't do anything wrong. i didn't mislead. i did not misrepresent. i did the best with the information that the united states government had at the time. lou: here is what ambassador rice did say. on september 16, only five days after benghazi meant to the best information and best assessment we have today, is that, in fact, this was not a p-planned or premeditated attack. that would have been initially
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was a spontaneous reaction to what had just transpired in cairo, egypt. as a consequence of the video. >> as she said, no one has been blameless. joining us now is the fox news middle east analyst. it is great to have you with us. what is your reaction first to her claim that she did not misrepresent and did not, if you will, lie about what happened in benghazi? >> she may be stating that the diversion of national security and the version given to her -- she said she did not commit a live with the american public knowing that it is. on the other hand, there was an assessment made in washington prior to that, the next two hours after the attack, saying clearly that this was a terrorist attack by armed
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people. in between the two, there is a political decision not to tell the truth as to what happened for political reasons. that is something that the ambassador cannot get out of. it would be i and also looking at everything that has happened before. it would have been in congress, and that is not something that's going to change the decision by congress. lou: i know that in washington dc there is a view strongly held by many. but a parallel view of the universe, although unrelated to the one in which we live, authorized by a legitimate government authority, therefore it is correct. the ambassador, she is likely to be the next national security visor to the president. she will remain on his "a-team"@ who will remain secretary of
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state? >> we do not know. we have no names. the next secretary of state needs have a good understanding of the region in all regions from north korea all the way to libya. with what is happening now, in egypt, the earthquake that will begin as of tomorrow with the passing of a referendum would be civil war in syria. the unfinished business between gaza and israel. the possibility in the next year or so, ron is going to tell us that they are nuclear now. the next secretary of state eds to be one who is very much well educated on what has happened. otherwise you'll end up with much bigger benghazi problems. lou: you mentioned the constitutional referendum tomorrow. it will take some time for that would support for president mohammed morsi we be judgment for what constitution should look like. will he prevail? will he come at the end of the
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process, process the powers that he claimed for himself two years ago, of which he has since relinquished? >> unfortunately, my answer is going to be yes. one saying that we need to reject the referendum, the other part is saying no, we want to boycott. so now they are divided. the result is going to be the muslim rotherhood and president morsi is most likely going to win the referendum. on the other hand, the opposition is very strong in egypt. there is no return to the previous situation. what i suggest in the future is that mohammed morsi ll win the referendum, try tooit establish an islamic state, he will see strong opposition for months and months. lou: moving quickly to syria as we wrap up. russia today -- from the deputy
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foreign minister, basically saying that they have acknowledged that bashar al-assad has been losing power and that his departure is a foregone conclusion. suddenly they are talking about stng support for bashar al-assad and making it very clear that they firmly support his regime. >> the russians cannot let go. he is an allied to iran and some are anti-american. what i see now is that the civil war in syria is going to grow, unfortunntely. an opposition that cannot bring him down very fast. lou: as always, thank you for being with us. thank you. lou:much more on the obama administration's foreign-policy in the middle middle east. the "a-team" towards us coming
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up. federal workers are thriving in the obama economy with record paid benefits. far outpacing government workers. it seems that government workers still unhappy. unions upset with the new reality of coworker reform. alan wilson joins us and tells us why they should be cheering you right to work
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lou: michele obama saying that voter suppression was in full force. in so many states around the country. the first lady, however citing a
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specific, and it prompted judicial watch president to issue the following statement. this is obama's accusations about minority votes. it shows a dangerous disregard for the truth. we are aware of no evidence of voter suppression. by the way, we have not heard from the justice department one thing at all, mr. eric holder's historthat we certainly would have if there had been any incidents of voter suppression. our next guest defenses state's top voter id law. saying that it is a paramount issue of importance that we protect the electoral process and ensure that voter fraud is eliminated. joining us now is alan wilson, attorney general of south carolina. great to have you with us. what is your reaction to what the first lady hado sy?
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>> obviously, i disagree with the first lady. in every state i have looked back, more specifically georgette and indiana, one is a section five state and the other is not. when they have passed laws requiring photo id for the voter registration card, minority participation went up in subsequent elections. [talking over each other] lou: we need to make it ear to everybody that when you talk about the five states, those are states that because of civil rights transgressions, 60 years ago were 5 years ago -- they still remain under the watchful eye of the justice department for any revision in their electoral laws and procedures. is that right? >> absolutely. some states have asked the federal government's permission before they implement a law that affects elections. but in any state, minority participation actually went up in the state of georgia. over 40% in 2004 to 2008.
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there has t been one allegation were one court case by the federal government for any challenges in any state law where they have alleged voter suppression were shown that there has been voter suppression. it is unfounded. lou: absolutely fascinating. the right to work state, the newest is the state of michigan. if any state was emblematic of organized labor this country, it has to be the state of michigan, moving in the direction of north carolina and 23 other states as well. this is starting to look like a serious shift historically. perhaps the entire nation becoming brightwork. >> i agree with that. i agree with that because you see 91010 states.
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especially michigan. lou: insurance exchanges states are deciding whether to create insurance for themselves or -- i don't know whether to call them architects are what obamacare -- these insurance exchanges are not happening. eighteen states plus washington dc are the only ones who have declared that he they will set their own exchanges under obamacare. by my math, that leaves 25. we are going to leave it up to the government. that is remarkable. >> i was proud to be part of a 26 a coalition that led the fight against this health care lawsuit to this report. we were able to carve out the ability for states to opt out. i am proud of governor nikki
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haley for deciding to opt out of this. this huge fiscal cliff is going to create for south carolina as far as obamacare is concerned that. lou: for millions of americans, many of whom have thanks in part to the national liberal media, millions of americans don't even know that they are have about $260 worth of obamacar taxes beginning january 1, on everything from medical vices to additional surtax is on investment income. it is about half the size of the fiscal cliff, if you will, tax hikes that could well be added to them is the year finishes the way that we stand right now. >> absolutely. i would like to add one other thing. if you read the affordable care act, many of the onerous mandates about obamacare were
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exempted. they looking out -- lou: republicans looking out for more people. your ground operation could have been exemplary too. you don't see that as fair and equitable? >> no, shame on the republican party for not doing this in washington dc. we did our part. we challenged on constitutional grounds. unfortunately we didn't quite get it off the. lou: more lawsuits to come. great to have you with us. attorney geneal alan wilson from south carolina. thank you for being with us. breitbart and americans for limited government, which reveals that americans are putting a 5 million-dollar bill for the salaries of 35 unit officials who are at the
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department of transportation. eight of the union bosses on the taxpayer payroll of the department of transportation made more than $170,000 per year. only three of them make under $100,000 per year. the average taxpay funded union boss salary is 138 grand per year. not bad. federal workers may have a better ellery and benefits and more vacation days than the private sector counterparts. but a new poll finds that job satisfaction among those working in the federal government is down sharply this year. according to deloitte, federal employee satisfaction dropped since they started conducting the survey back in 2003. they named the dpartment of homeland security and the department of veterans affairs as two of the worst agencies in which to work. the best, the intelligence community. also an asset.
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the fiscal cliff and apple. that's coming up. and the president scoffing at the notion he was elected. the president says he would be looked upon much differently. if only we could go back in time. ed rollins joins us to talk about the fiscal cliff from the future of the republican party, and oh, yes, going back in time and we will give the preident an accounting of how he would look circa 1985. ed rollins joins us
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the one well, the president and the speaker matt. they apparently wrote no new vistas of opportunity to resolve the fiscal cliff. we will be taking that up with ed rollins next. president reagan's former
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political director. let's turn the wall street in moneyline. washington, what will it be able to resolve? concerns over inflation and other important economic reports. a big decline in gasoline prices last month. year-over-year inflation running a 20%. investors backing away from stocks. the s&p is down six points from the nasdaq lost 21. on the big board, just under 3 billion shares for the week. the dow jones down 23 points. the s&p up 4.5. nasdaq is down seven times -- seven points. the iphone is having less than enthusiastic reception.
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additionally, news that a federal jury found apple infringed upon free patterns, owned by mobile media ideas, a joint venture of gnocchi at and sunny. no word on how much apple would have to pay. crude oil and news of an increase of industrial production in china and the united states. a barrel of oil now just under $87. eighteen days from the fiscal cliff. the president looking back, addressing claims that he wants to create a socialist system in this country. the president saying if he had been president 25 years ago, there would be a shockingly different view of him and his politics. >> the truth of the matter is that my policies are so mainstream that if i had said
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the same policies, i have had been considered a moderate republican back then. lou: i don't know whether he believes that or not. it is great have a team with us. >> i'm not sure he could have gotten elected 25 years ago as a kid. obviously, he was pretty social step backward in time. lou: he says he has outgrown all that. >> by the definition of what you are, he is pretty left-sided as far as i'm concerned the. lou: the idea that the president came back in the so-called negotiations. it is either a farce of this
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process or whatever you want to call it -- but telling speaker boehner that all he really wants your is $1.6 trillion in tax breaks, and oh, yeah, he will give away a net $600 billion in spending cuts if hecould find it or if he could use retroactive accounting. i mean, would reagan ever taken a deal like that? or did he take a deal like that? >> he didn't taka deal like this. there there's a piece in "the washington post" talks about ronald reagan, david stockman, some of the people that basically meant they misled the president on this. they said i'm going to give them a dollar in tax increases and they said absolutely. everyday, there are new numbers and everyday there are different things. and stockton said that never really counted. the truth is if you really want to be specific and you want to make cuts, you need to do good
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things to move this deficit in a downward position. speaker boehner should not give up on anything until he sees a piece of paper signed by the president of the united states, saying that this is the deal. lou: i don't see how there could be any trust at all between these two men. as you say, nothing less than a signed deal. the house issgoing to get run over. >> equally as important, you have the chairman of the ways and means committee, paul ryan paul ryan is the budget, you can have anybody from the senate, you have to basically sit down and do this in a very serious way. the fiscal cliff come as you have said, it is a man-made crisis. it is not a real crisis we wn